Legacy Iron Ore Ltd (LCY) AI Stock Analysis

• Market Cap: AU$89.26M
• Dividend Yield: N/A
• Average Volume (3M): 366.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.54
• Revenue Growth: 1980.88%
• EPS Growth: -128.57%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 9,917,419,000
• 10 Day Avg. Volume: 370,900
• 30 Day Avg. Volume: 366,748
• PEG Ratio: -0.24
• Price to Book (P/B): 3.04
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.41
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 42 Neutral
• Price Target: AU$0.00 ▼(-100.00%Downside)

Legacy Iron Ore Ltd's overall score is primarily affected by its financial performance, where significant revenue growth is overshadowed by profitability and cash flow challenges. Technical analysis also indicates potential short-term price weaknesses, while valuation metrics underscore ongoing financial struggles.

Legacy Iron Ore Ltd Business Overview & Revenue Model

Company Description

Legacy Iron Ore Limited engages in the exploration, evaluation, and development of mineral properties in Australia. It primarily explores for iron, gold, base metals, tungsten, and manganese, as well as rare earth metals. The company's projects include the Mt Bevan iron ore project, and Pilbara iron ore and manganese projects located in Western Australia; the South Laverton gold project covering an area of 460 square kilometers located in the South Laverton region; and the East Kimberley project comprising three exploration licenses located in the Halls Creek area. It also owns interest in the Mt Bradley rare earth metal project located in Australia. The company was incorporated in 2007 and is based in Perth, Australia. Legacy Iron Ore Limited is a subsidiary of NMDC Limited.

How the Company Makes Money

Legacy Iron Ore Ltd generates revenue primarily through the exploration, development, and eventual sale or joint venture of its mineral resource projects. The company's revenue streams are largely dependent on the successful identification and extraction of economically viable mineral deposits such as iron ore and gold. Legacy Iron Ore may enter into joint ventures or partnerships with other companies to co-develop projects, sharing the investment costs and profits. Additionally, the company might earn income through the sale of its exploration rights or licenses to other mining entities. The fluctuating prices of minerals on the global market, operational efficiency, and successful exploration outcomes are significant factors that influence Legacy Iron Ore's earnings.

Legacy Iron Ore Ltd Financial Statement Overview

Summary

Legacy Iron Ore Ltd faces significant profitability challenges despite impressive revenue growth. The balance sheet remains stable with low leverage, yet cash flow issues might hinder long-term financial health. Improving operational efficiency and cash management could enhance financial stability.

Income Statement

Legacy Iron Ore Ltd has shown significant revenue growth, with a sharp increase from $2.08 million in 2024 to $43.34 million in 2025. However, the company struggles with profitability, as indicated by negative EBIT and net income figures throughout the years. Despite high revenue growth, margins remain negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The company maintains a relatively stable financial position with a strong equity base, evidenced by stockholders' equity consistently exceeding total liabilities. The debt-to-equity ratio is low, indicating conservative leverage use. However, declining total assets over recent years might suggest asset utilization concerns.

Cash Flow

Cash flow analysis reveals challenges, with negative operating and free cash flows highlighting liquidity issues. The operating cash flow to net income ratio is consistently negative, suggesting inefficiencies in cash management. Despite this, the company has managed positive financing cash flows, indicating reliance on external funding.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	43.34M	2.08M	50.00K	0.00	0.00
Gross Profit	28.75M	2.08M	-11.16K	-82.50K	-51.75K
EBITDA	-19.33M	-9.53M	2.07M	-923.10K	-636.50K
Net Income	-27.95M	-9.59M	2.01M	-1.01M	-951.40K
Balance Sheet
Total Assets	37.96M	47.22M	25.61M	23.61M	24.21M
Cash, Cash Equivalents and Short-Term Investments	11.14M	15.26M	9.74M	7.51M	10.34M
Total Debt	18.47K	49.77K	82.29K	24.00K	69.62K
Total Liabilities	9.01M	12.31M	288.79K	290.53K	322.43K
Stockholders Equity	28.94M	34.90M	25.32M	23.32M	23.89M
Cash Flow
Free Cash Flow	-25.02M	-13.50M	579.48K	-2.33M	-2.80M
Operating Cash Flow	-16.60M	-9.95M	2.01M	82.50K	-648.49K
Investing Cash Flow	-15.47M	1.83M	3.79M	-8.30M	-1.80M
Financing Cash Flow	22.18M	16.78M	-41.24K	-45.61K	2.94M

Legacy Iron Ore Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LCY, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.01, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.00 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LCY.

Legacy Iron Ore Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FHE	55 Neutral	AU$103.01M	―	-21.82%	―	―	-525.27%
Sector *	44 Neutral	C$961.63M	-6.69	-13.73%	2.61%	17.55%	-32.57%
AGE	42 Neutral	AU$110.75M	―	-5.22%	―	―	―
LCY	42 Neutral	AU$89.26M	―	-87.55%	―	1980.88%	-128.57%
MTH	41 Neutral	AU$75.17M	―	-5.23%	―	―	54.26%
EQR	41 Neutral	AU$107.99M	―	-141.59%	―	562.03%	-336.00%
ORN	41 Neutral	AU$70.42M	―	-5.92%	―	―	64.00%

Legacy Iron Ore Ltd Corporate Events

Legacy Iron Ore Ltd Announces 2025 Annual General Meeting Details

Legacy Iron Ore Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled for 28 July 2025 at their Perth office. The company is encouraging shareholders to participate by voting via proxy forms, which can be submitted through various channels. This move to facilitate electronic access to meeting materials aligns with modern corporate governance practices, potentially enhancing shareholder engagement and operational efficiency.

Legacy Iron Ore Ltd Appoints New Director with Significant Shareholding

Legacy Iron Ore Ltd has announced the appointment of Ben Donovan as a director, effective from June 23, 2025. Donovan holds significant interests in the company, including 1,008,012 ordinary shares as a registered holder and 571,429 ordinary shares through Elohim Nominees Pty Ltd. This appointment is likely to impact the company’s strategic direction and governance, potentially influencing its market positioning and stakeholder interests.

Legacy Iron Ore Announces Director Departure and Shareholding Update

Legacy Iron Ore Ltd announced the cessation of Rakesh Gupta as a director, effective June 23, 2025. Gupta held 125,000 ordinary shares directly and an additional 3,928,571 shares indirectly through his spouse, Nishi Gupta. This change in directorship may influence the company’s strategic direction and stakeholder interests.

Legacy Iron Ore Announces Key Board Changes

Legacy Iron Ore Limited has announced significant changes to its Board of Directors, including the resignation of CEO Rakesh Gupta, who has been instrumental in transitioning the company from exploration to gold production at the Mt Celia project. Dr. Ranajit Das, with over 30 years of mining experience, will take over as CEO on July 1, 2025, bringing expertise from his previous roles in mine planning and management. Additionally, Ben Donovan has been appointed as a Non-Executive Director, enhancing the board’s governance and financial capabilities. These changes are expected to strengthen Legacy Iron’s leadership and support its ongoing project developments.

Legacy Iron Ore Ltd Releases Corporate Governance Statement for FY 2025

Legacy Iron Ore Ltd has released its corporate governance statement for the financial year ending March 31, 2025, which has been approved by the board. The statement, available on their website, outlines the company’s adherence to ASX Corporate Governance Council’s principles and recommendations. This announcement reinforces Legacy Iron Ore’s commitment to transparency and accountability, potentially impacting its reputation positively among stakeholders and aligning with industry standards.

Legacy Iron Ore Reports Significant Progress in Key Projects

Legacy Iron Ore Limited reported notable progress in its South Laverton Project, with successful ore sales and a new Right to Mine Agreement with Bain Global Resources, promising shared profits from mining activities. Encouraging drilling results at the Blue Peter deposit indicate significant gold mineralization, enhancing the company’s resource potential. Additionally, the Mount Bevan Project saw advancements with a mining lease application and infrastructure plans, reinforcing Legacy Iron’s strategic growth in the mining sector.

Legacy Iron Ore Reports Cash Flow Results for March 2025 Quarter

Legacy Iron Ore Ltd reported a net cash outflow from operating activities of $1.97 million for the quarter ending March 31, 2025, driven by significant production costs. The company also experienced a net cash outflow from investing activities totaling $2.815 million, primarily due to expenditures on exploration and evaluation assets. Despite these outflows, the company had previously secured $22.216 million from financing activities over the past year, which has bolstered its cash reserves.